economy: from Celtic Tiger to the financial crisisCeltic tiger is a term used to describe the economy of Ireland during a period of rapid economic growth starting in the second part of the 1990s and ending in approximately 2007-2008. During that time Ireland experienced a boom which transformed the country from one of the poorest states in Europe into one of the wealthiest. The term Celtic Tiger was first coined by an Irish economist Morgan Stanley and derives from East Asian Tigers: South Korea‚ Singapore
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The Bretton Woods System : 1946- 1971 The Bretton Woods System (BWS) was implemented in 1946 under the Bretton Woods Agreement‚ each government obliged to maintain a fixed exchange rate for its currency vis-à-vis the dollar or gold. As one ounce of gold was set equal to $35‚ fixing a currency’s gold price was equivalent to setting its exchange rate relative to the dollar. The fixed exchange rates were maintained by official intervention in the foreign exchange markets. This intervention was
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of Economic Research Volume Title: A Retrospective on the Bretton Woods System: Lessons for International Monetary Reform Volume Author/Editor: Michael D. Bordo and Barry Eichengreen‚ editors Volume Publisher: University of Chicago Press Volume ISBN: 0-226-06587-1 Volume URL: http://www.nber.org/books/bord93-1 Conference Date: October 3-6‚ 1991 Publication Date: January 1993 Chapter Title: The Collapse of the Bretton Woods Fixed Exchange Rate System Chapter Author: Peter M. Garber Chapter URL:
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Bretton Woods Conference Location: Hotel Complex Bretton Woods (New Hampshire - U.S.) Date: Between 1 and July 22‚ 1944. Participants: Forty-four countries were attending‚ half were underdeveloped‚ twenty were from Latin America‚ besides India‚ Iran‚ Iraq‚ China‚ Egypt‚ Ethiopia and the Philippines. Attended Eastern Europe Soviet Union‚ Czechoslovakia and Poland. Fees: On a total capital of 8‚800 million USD‚ the U.S. will be for a fee of 2‚740 million (equivalent to 31.1%)‚ the United Kingdom
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Explain two possible benefits to Love Wood LTD from having a patent. (7 Marks) A patent is an exclusive right granting the holder the right to be the only user or producer of a newly invented product or process for about 20 years. Having a patent means that Love Wood has a Unique Selling Point that uses a patterned effect wood‚ this means that Love Wood can charge premium price for their individually designed wooden toys which will mean that they will have an increase in revenue thus increasing
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Choices What is happening in each poem? How do they compare and contrast? What is the main idea to both poems? The poem “The Road Not Taken” is a very sentimental poem‚ because it is about a choice. On the other hand‚ the poem “Stopping by Woods on a Snowy Evening” is about the choice that someone made already. In “The Road Not Taken” the person chose to take a road with an unknown ending‚ and is less traveled. Moreover‚ the writer was letting people know that sometimes taking the less traveled
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If I had to choose between Darrel Jenkins and Sara Fong’s essays pertaining to Robert Frosts poem‚ “Stopping by Woods on a Snowy Evening” I wouldn’t be able to say who was rite or wrong. They both make valid points and‚ support their theory very well. Sara Fong states‚ “I think it makes sense to read the poem as a kind of very short story” (par 3). This statement is true‚ if you interpret a poem as a short story you can get a better sense of the plot‚ setting‚ ect. Fong also states that the last
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Ketchup is delicious when added to certain foods yet when mixed with chocolate the results can be disastrous. Similarly in Aravind Adiga’s book The White Tiger‚ western culture‚ which is normally a great part of certain societies‚ when mixed with indigenous culture‚ leads to corruption. Adiga’s novel is about an Indian entrepreneur who sees a world much bigger than the one he lives in. He notices how those with wealth take advantage of the rest of society. Laws‚ political power‚ and other western
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ism&catid=54:2005 o (n.d.) o (September 2012). New York Magazine. In September 11 by Numbers. Retrieved June 1‚ 2013‚ from http://nymag.com/news/articles/wtc/1year/numbers.htm o (n.d.) o (n.d.). Start. InTerrorist Organization Profile: Liberation Tigers of Tamil Eelam (LTTE). Retrieved June 1‚ 2013‚ from http://www.start.umd.edu/start/data_collections/tops/terrorist_organization_profile.asp?id=3623 o Kate Pickret
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The Roaring Tigers and the Asian Miracle Until a few years ago one could not open the pages of a public affairs magazine without running into a commentary claiming for example that ¡®Asian countries have developed a new and superior form of capitalism that is beating the pants off Western‚ free market economies¡¯ (Altfest‚ 1998). Between 1965 and 1990 the economy of East Asia grew faster than all other regions of the world‚ roughly three times as fast as other developing regions and twenty-five
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